WTI CRUDE OIL

- USD (-)

- 10 min delayed data - NYMEX Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	WBS
ISIN:

WTI CRUDE OIL - 15 min. - Technical analysis published on 05/05/2024 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

67%

28%

My opinion

Bearish under 78.57 USD

My targets

77.50 USD (-1.22%)

76.90 USD (-1.99%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on WTI CRUDE OIL. As long as you are under the resistance located at 78.57 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 77.50 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 76.90 USD as an objective. Crossing it would then enable sellers to target 75.83 USD. If the resistance 78.57 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

0.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by KBPRASAD. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The WTI CRUDE OIL price is 78.46 USD. The price has increased by +0.45% since the last closing with the lowest point at 78.02 USD and the highest point at 78.59 USD. The deviation from the price is +0.56% for the low point and -0.17% for the high point.

78.02

78.59

78.46

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by WTI CRUDE OIL:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of WTI CRUDE OIL in 15 min. shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

MACD indicator is back over 0

Type : Bullish

Timeframe : 15 minutes

Price is back over the pivot point

Type : Bullish

Timeframe : 15 minutes

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	66.00	68.52	75.27	78.46	78.55	79.63	80.95
Change (%)	-15.88%	-12.67%	-4.07%	-	+0.11%	+1.49%	+3.17%
Change	-12.46	-9.94	-3.19	-	+0.09	+1.17	+2.49
Level	Intermediate	Major	Intermediate	-	Major	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	75.83	76.90	77.50	78.57	79.17	80.24	80.84
Camarilla	77.65	77.80	77.96	78.11	78.26	78.42	78.57
Woodie	75.61	76.78	77.28	78.45	78.95	80.12	80.62
Fibonacci	76.90	77.54	77.93	78.57	79.21	79.60	80.24

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	70.13	74.04	76.08	79.99	82.03	85.94	87.98
Camarilla	76.47	77.02	77.57	78.11	78.66	79.20	79.75
Woodie	69.19	73.57	75.14	79.52	81.09	85.47	87.04
Fibonacci	74.04	76.32	77.72	79.99	82.27	83.67	85.94

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	68.68	73.75	76.38	81.45	84.08	89.15	91.78
Camarilla	76.88	77.59	78.29	79.00	79.71	80.41	81.12
Woodie	67.45	73.14	75.15	80.84	82.85	88.54	90.55
Fibonacci	73.75	76.70	78.51	81.45	84.40	86.21	89.15

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	57.12
MACD (12,26,9):	-0.0100
Directional Movement:	6.68
AROON (14):	28.57
DEMA (21):	78.28
Parabolic SAR (0,02-0,02-0,2):	78.09
Elder Ray (13):	0.16
Super Trend (3,10):	78.10
Zig ZAG (10):	78.54
VORTEX (21):	1.0400
Stochastique (14,3,5):	87.30
TEMA (21):	78.41
Williams %R (14):	-7.94
Chande Momentum Oscillator (20):	0.46
Repulse (5,40,3):	0.0900
ROCnROLL:	-1
TRIX (15,9):	-0.0100
Courbe Coppock:	0.80

MA7:	80.43
MA20:	82.29
MA50:	80.74
MA100:	76.26
MAexp7:	78.45
MAexp20:	78.34
MAexp50:	78.52
MAexp100:	78.77
Price / MA7:	-2.45%
Price / MA20:	-4.65%
Price / MA50:	-2.82%
Price / MA100:	+2.88%
Price / MAexp7:	+0.01%
Price / MAexp20:	+0.15%
Price / MAexp50:	-0.08%
Price / MAexp100:	-0.39%

Quotes : - 10 min delayed data - NYMEX Futures

News

Don't forget to follow the news on WTI CRUDE OIL. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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